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The initials CFA represents the Communauté Financière d'Afrique, a Central Bank situated in Senegal in the city of Dakar. The West African CFA franc is a stable currency, which has enabled economies to experience steady growth.
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The current official Coat of Arms of Ivory Coast was adopted on June 26, 1964. It features a shield with the head of an elephant that is supported by two golden palm trees. The elephant is an important symbol for the nation. The elephant is the only large animal found in the country as well as it was the source of ivory for which the country is named. The golden rising sun above the shield symbolizes a new beginning. Below the shield is a banner inscribed with the name of the nation: "République de Côte d'Ivoire".
50-franc banknotes were last issued in 1959, and 100-franc banknotes were last issued in 1965. The 10,000-franc note has existed since 1977.
The National Flag of Cote d'Ivoire (Ivory Coast) is a vertical tricolor and comprises of three equal vertical bands of orange (hoist side), white, and green. The orange color of the flag represents the savanna grasslands dominating the northern parts of the country. The white color symbolizes peace, purity, unity and a pledge for success. The green color represents the luxuriant coastal forests of the south and also symbolizes the hope for a bright future. The flag has a proportion ratio of 2:3.
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The West African CFA franc is the official currency used by Cote d’Ivoire (Ivory Coast) and seven other nations situated in western Africa. The BCEAO (Banque Centrale des États de l'Afrique de l'Ouest) [The Central Bank of the West African States] issues the currency.
Being a French colony, Ivory Coast was represented by the National Flag of France. The French government did not allow the use of any other flag, fearing that it might lead to the development of nationalist feelings and subsequent revolution. In 1959, the modern flag of the country was adopted. The flag does not feature the Pan-African colors used by a vast majority of neighbouring nations. The flag’s unique design though modelled after the French Tricolore was indeed a popular choice and has not been changed ever since it was officially adopted.
In 1904, Cote d’Ivoire was added into the group of West Africa French colonies known as ‘the Federation of French West Africa.' Just like the other French colonies, Cote d’Ivoire was made to adopt the French West African CFA franc as its first official currency.
L'Abidjanaise ("The Song of Abidjan) is the national anthem of Cote d' Ivoire (Ivory Coast). The music of the anthem has been composed by both Pierre-Michel Pango and Pierre Marie Coty. The lyrics have been authored by Joachim Bony, Pierre Marie Coty and Mathieu Ekra. The anthem was officially adopted on July 27, 1960.
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The French West African CFA franc was linked to the French franc and was produced and circulated by the Central Bank of West Africa. The currency was introduced in 1903, and it existed only in the form of banknotes. The notes were in denominations of 5, 25, 50, 100, 500, and 1,000 francs. Aluminum-bronze coins of 1 franc and 50 centimes were first issued in 1944. The West African CFA franc was introduced to the French Colonies in West Africa, including the Ivory Coast. The West African CFA franc and the Central African CFA franc were issued concurrently. Both currencies have the same value and are guaranteed by the treasury of France. The West African CFA franc was issued in the form of banknotes of varying denominations. The Central Bank of West African States took up the role of producing and circulating currency from the Bank of West Africa. To this day, Ivory Coast still uses the West African CFA franc as its legal tender. The shared currency has improved trade in the West African region, particularly in Cote d’Ivoire, because traders do not worry about exchange rate fluctuations.